Applicable Interest Rates. (a) U.S.
Applicable Interest Rates. (a) All Loans hereunder shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) on the unpaid principal amount thereof from the date such Loan is made until maturity (whether by lapse of time, acceleration or otherwise) at a rate per annum equal to the sum of one and one-half of one percent (1.5%) plus the Fed Funds Rate from time to time in effect. Interest on the Loans shall be payable quarterly in arrears on the last day of each March, June, September and December in each year (commencing on the first such date occurring after the date hereof) and at maturity of the Notes, and interest accrued or outstanding after maturity of the Notes (whether by lapse of time, acceleration, or otherwise) shall be due and payable upon demand. Any change in the interest rate on the Loans resulting from a change in the Fed Funds Rate shall be effective on the date of the relevant change in the Fed Funds Rate.
(b) If any payment of principal on any Loan is not made when due, such unpaid amount shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) from the date such payment was due until paid in full, payable on demand, at a rate per annum equal to the sum of three and one-half of one percent (3.5%) plus the Fed Funds Rate from time to time in effect.
Applicable Interest Rates. The Borrower shall pay interest on the unpaid principal amount of each Advance made by each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:
Applicable Interest Rates. Section 1.5.
Applicable Interest Rates. (a) Base Rate Loans. Each Base Rate Loan shall bear interest (computed --------------- on the basis of a 365-day year or 366-day year, as the case may be, and actual days elapsed excluding the date of repayment) on the unpaid principal amount thereof from the date such Loan is made until maturity (whether by acceleration or otherwise) or conversion to a Eurocurrency Revolving Loan or Eurocurrency Term Loan, at a rate per annum equal to the lesser of (i) the Highest Lawful Rate, or (ii) the Base Rate from time to time in effect. The Borrower agrees to pay such interest on each Interest Payment Date for such Loan and at maturity (whether by acceleration or otherwise).
Applicable Interest Rates. The Borrower shall have the option to elect to have any Segment bear interest at the Floating Rate or the LIBOR-Based Rate. For any period of time and for any Segment with respect to which the Borrower does not elect the LIBOR-Based Rate, such Segment shall bear interest at the Floating Rate. The Borrower's right to elect the LIBOR-Based Rate shall be subject to the following requirements: (a) each LIBOR-Based Rate Segment shall be in the amount of $1,000,000 or more and in an integral multiple of $100,000 thereafter, (b) each LIBOR-Based Rate Segment shall have a maturity selected by the Borrower of one, two or three months, (c) no more than three Segments may be outstanding at any time, and (d) no LIBOR-Based Rate Segment may have a maturity date later than the Termination Date.
Applicable Interest Rates. In case of Savings Account, interest shall be calculated at the Bank’s prevailing rate subject to the daily required minimum balance on the account being maintained and such interest shall be credited to the said Savings Account on a quarterly basis. In case of Xxxx Xxxxxxx Account, interest shall be calculated at the Bank’s prevailing rate based on the daily minimum balance of the Account Holder. Such interest will be credited to the Account on a quarterly basis.
Applicable Interest Rates. (a) In the absence of an Event of Default or Default hereunder, and prior to maturity, the outstanding balance of the Loans will bear interest at an annual rate at all times equal to the Adjusted Term SOFR plus the Applicable Margin.
(b) Interest shall be payable monthly in arrears on the first (1st) day of each month commencing on the first such date after the first Borrowing hereunder and continuing until the Commitments are terminated and the Obligations are paid in full. Unless otherwise required by Administrative Agent at any time and from time to time or the Borrower has otherwise paid or informed Administrative Agent that the Borrower will pay such amount in immediately available funds, the Borrower shall be deemed to have requested a Borrowing on the first (1st) day of each calendar month in an amount equal to accrued and unpaid interest and any other accrued but unpaid fees due and owing hereunder and such amount shall be added to the outstanding principal balance of the Obligations. Interest as provided hereunder will be calculated on the basis of a three hundred sixty (360) day year and the actual number of days elapsed. The rate of interest provided for hereunder is subject to increase or decrease as the Term SOFR increases or decreases in an amount corresponding to the change in the Term SOFR, with such benchmark rate being determined on the Periodic Term SOFR Determination Day, and any such change will become effective on the first (1st) day of the immediately following month.
(c) Payments of interest and fees not received within ten (10) days of the date due, are subject to a late charge equal to Five Hundred Dollars ($500), which late charge shall be in addition to any charge, fee or interest otherwise payable hereunder.
Applicable Interest Rates. Each Co-Agent shall from time to time advise Borrower and Servicer whether a Loan is a CP Loan or an Alternative Rate Loan, and of the interest rate applicable to each Interest Period thereof.
Applicable Interest Rates. (a) Each unpaid advance of the Revolving Loan shall bear interest until maturity (whether by acceleration, declaration, extension or otherwise) at the Applicable Rate as determined in accordance with the provisions of this Section.
(b) Notwithstanding the foregoing, following the occurrence and during the continuance of an Event of Default, at the option of Lender, all unpaid advances of the Revolving Loan and all other Obligations shall bear interest at the Post-Default Rate.
(c) The Applicable Margin shall be 125 basis points per annum unless and until a change is required by the operation of Section 2.3(d).
(d) Changes in the Applicable Margin shall be made not more frequently than quarterly based on the Pricing Ratio, determined by Lender subsequent to its review of the quarterly reports required by Section 6.1.1
